PACS firm Merge eFilm has signed an expanded $5 million line of credit agreement with Merchants and Manufacturers BanCorp of Milwaukee. The previous $3 million line of credit, from which no monies have been drawn, was set to expire in April 2003, according to the Milwaukee-based firm.
Terms of the new line of credit include a lower interest rate, broadened usage parameters, and a more favorable borrowing formula, said Merge eFilm’s chief financial officer, Scott Veech.
By AuntMinnie.com staff writersJanuary 10, 2003
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